Solar Panel Cost Guide in Dillon, SC (Sep 2022)

  • Dillon Solar Installation Cost: $15,422
  • 25-Year Savings: $29,144
  • Payback Period: 8.6 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in Dillon

Let's have a look at the average cost of solar in Dillon.

In Dillon, solar panels cost about $3 per watt on average. Since a 8.1-kW system is needed to cover the energy consumption of a typical home in Dillon, the average price of going solar will be about $15,422 before claiming the federal solar tax credit of 30%.

The true price you pay can go above or below the average in Dillon depending on a few factors, such as the model of solar panels you choose and the solar company you hire. Despite the significant initial cost, the average Dillon homeowner can save around $21,000 on their power bills over 20 years, which is one of the positives of solar.

To receive a free estimate from a highly rated solar installer in Dillon, you can click the button below.

Solar savings over time in Dillon

Year Return on Investment
1 years $-13,640
3 years $-10,074
5 years $-6,509
7 years $-2,944
9 years $622
11 years $4,187
13 years $7,752
15 years $11,318
17 years $14,883
19 years $18,448
21 years $22,014
23 years $25,579
25 years $29,144

Top Solar Installers in Dillon

When going solar, many homeowners choose to hire a solar company since handling can be a difficult project. Plus, if you're unsure what kind of solar panels and equipment you want, a solar company can help you find the right equipment for you after a site survey and consultation.

Working with a licensed solar company can make going solar easier. Here are our recommendations:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Outstanding Regional Installer

Renu Energy Solutions

★★★★★
4.5

  • Excellent reputation
  • Many financing options
  • Representatives are experts on local policies
  • No leases or PPAs

See all of the solar companies in Dillon

Factors that Affect Solar Panel Costs in Dillon

For many Dillon homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Dillon, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you'll pay, which we'll go over below.

Solar Equipment Size

The size of the system you need is one of the largest factors that influences the overall cost of going solar. Because of that, it's crucial to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use. There are a lot of different solar panel brands and the one you choose also affects the cost. Generally, the brands that offer higher efficiency tend to also cost more. In addition, the type of equipment you're looking to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.

Solar Financing Terms

For some homeowners, paying for solar panels out of pocket can be a challenge. Solar loans are available from most installers in Dillon, which can bring down, or in some cases eliminate, your upfront costs to make solar more affordable. It's a good idea to factor the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it'll take to pay back the loan.

Solar Panel Installation Company

The solar installer you pick will play a role in your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor. You may come across national solar installers that have lower prices because of their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.

Solar Panel Cost Data by System Size

System size Cost per system watt Solar system cost 25-Year savings Payback period
6 kW $2.83 $11,881 $21,148 9.0 years
8 kW $2.77 $15,537 $28,502 8.8 years
10 kW $2.72 $19,040 $36,008 8.6 years
12 kW $2.67 $22,391 $43,667 8.5 years
14 kW $2.61 $25,590 $51,478 8.3 years
16 kW $2.56 $28,636 $59,441 8.1 years
18 kW $2.50 $31,530 $67,556 8.0 years
20 kW $2.45 $34,272 $75,824 7.8 years

Solar Incentives in Dillon

Name Renewable Energy and Energy Storage Property Tax Exemption
Incentive Amount 100% exemption
More Info Click here

Name Santee Cooper - Rooftop Solar Rebate Program
Website Visit here
More Info Click here

Name Solar Energy, Small Hydropower, and Geothermal Tax Credit (Corporate)
Website Visit here
More Info Click here

Name Solar Energy, Small Hydropower, and Geothermal Tax Credit (Personal)
Website Visit here
More Info Click here

Name Duke Energy Progress - Residential Energy Efficiency Rebate Program
Website Visit here
More Info Click here

Name Pee Dee Electric Cooperative - Residential Energy Efficiency Rebate Program
Website Visit here
More Info Click here

Name Pee Dee Electric Cooperative - Energy Resource Conservation Loan Program
Incentive Amount $5,000
Website Visit here
More Info Click here

Name Residential Renewable Energy Tax Credit
Website Visit here
More Info Click here

How to Save on Solar Panels

There are many companies to choose from in Dillon, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:

  • Contract: It's important to read your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
  • Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be completed and how long it will take.
  • Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you choose.
  • Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to do the job well. Another way you can check your installer's reputation is by reading reviews.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Outstanding Regional Installer

Renu Energy Solutions

★★★★★
4.5

  • Excellent reputation
  • Many financing options
  • Representatives are experts on local policies
  • No leases or PPAs

EcoWatch's Dillon, SC Solar Cost FAQs

How much does it cost to install solar panels in Dillon?

The average cost of solar panels in Dillon is about $13,600 for a 5-kW system and $27,200 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the model of solar panels you want, what size system you need and how much energy you consume.

Is it better to lease or buy solar panels in Dillon?

Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.

How much can I save on power bills after switching to solar?

Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,100.96 per year.

How often do you have to replace solar panels?

Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can continue to use them at a lower efficiency.

Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert’s opinion on the top solar companies featured here, follow this link.

Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.

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